Ensuring that high-quality public education is freely available to all children is one of the most important ways that a country can:
A. increase its foreign direct investment.
B. decrease its stock of human capital.
C. decrease its productivity.
D. increase its stock of human capital.
Answer: D
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
In a perfectly competitive industry, i. entry by new firms shifts the market supply curve rightward. ii. exit by existing firms shifts the market supply curve leftward. iii. at all times existing firms make only zero economic profit
A) ii and iii B) ii only C) i and iii D) i and ii E) i, ii, and iii
Critics of the U.S. definition of poverty claim that:
A. it is set too low, because of lower food prices relative to essential goods and services. B. it is set too high, because of higher food prices relative to essential goods and services. C. it is set too low, because of lower food prices relative to essential goods and services. D. it is set too high, because of higher food prices relative to essential goods and services.
Which of the following is an example of a good with a highly elastic demand curve?
a. Pencils b. Books c. Bread d. Sports vehicles